MarkNtel Advisors recently published a detailed industry analysis of the Mexico Sports Nutrition Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Mexico Sports Nutrition Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The Mexico Sports Nutrition Market is projected to grow at a CAGR of around 1.53% during the forecast period, i.e., 2022-27.
What are the major Driver the Mexico Sports Nutrition industry?
Opening of Gyms during Post COVID-19 Recovery- After seeing solid current value growth during most of the review period, sports nutrition saw a negligible decline in 2020 due to the temporary closure of gyms & the negative economic impact of measures taken to control COVID-19. The loss of jobs & pay cuts forced consumers to reduce their spending, leading to a prioritization of necessities & fewer purchases of sports nutrition products. Besides, those who continued to buy often traded down to less expensive brands. Furthermore, many people slowed down their training pace, therefore, their demand for sports nutrition lessened, leading to volume declines in most categories.
Moreover, the outburst of COVID-19 negatively affected the dietary intake, fitness, and training of athletes, bodybuilders, and lifestyle users as the closure of gyms & fitness centers resulted in the reduction of their physical activity. Hence, this increased the problem of overweight & other health-related issues among the population, which as a result showed a steep decline in the Sports Nutrition market. However, as the situation recovered post-COVID-19, the gym owners started their fitness facilities which have been motivating the athletes, bodybuilders, and other fitness-oriented individuals to regain their interest in sports nutrition, fitness, and losing weight. Consequently, this post-COVID-19 recovery countersigned the strongest growth for sports protein powders & protein/energy bars, as consumers are more focused on their physical progress & health. Thus, these initiatives intensified the Sports Nutrition market in Mexico on a large scale.
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What segments define the Mexico Sports Nutrition Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Product Type
- Sports Drink
- Isotonic
- Hypotonic
- Hypertonic
- Sports Supplements
- Probiotics
- Omega -3
- Carbohydrates
- Protein
- Vitamin
- Minerals
- Amino Acids
- Sports Foods
- Protein Bars
- Energy Bars
- Protein Gels
According to report, Of them all, the Sports drinks captured a considerable share in the Mexico Sports Nutrition market during the historical period.
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Fitness Institutions
- Online Stores
- Other Distribution Channels
According to report, Among them, the Supermarkets solely dominated the Sports Nutrition market in 2021.
By End-User
- Athletes
- Bodybuilders
- Recreational Users
- Lifestyle Users
According to report, Of them all, the Fitness & Sports industry has shown exponential growth during the historical period.
By Consumer Age Group
- Upto 10 Years
- 11 to 18 Years
- 19 to 25 Years
- 26 to 35 Years
- 36 to 40 Years
- Above 41 years
By Social Class
- Upper
- Middle
- Lower
According to report, Among the three, the Middle Income Group accounts for the largest share in terms of population size in the country.
Explore the Complete Mexico Sports Nutrition Market Analysis Report –
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Geographical Analysis: Mexico Sports Nutrition Market
By Region
- Mexico City
- Monterrey
- Veracruz
- Puebla
- Others
Mexico Sports Nutrition Market Share & Competitive Landscape:
The Mexico Sports Nutrition Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Mexico Sports Nutrition Market are:
- Abbott Laboratorios de México SA de CV
- MusclePharm Corp
- Iovate Health Sciences International Inc.
- Glanbia SA de CV
- Herbalife Nutrition
- Pronat SA de CV
- Twinlab Corp
- Hombreave SA de CV
- Weider Global Nutrition
- Universal Nutrition Inc.
- Others
Questions Addressed in this Study
1.What factors are driving the Mexico Sports Nutrition Market growth?
2.How is the Mexico Sports Nutrition Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Mexico Sports Nutrition Market?
4.What is the current size of the Mexico Sports Nutrition Market, and how is it projected to change in the future?
6.What is the future outlook for the Mexico Sports Nutrition Market in terms of technological advancements and market expansion?
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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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